Summary
Several companies have announced layoffs for early 2026, affecting workers in both the tech and retail sectors. Companies like Amazon, Meta, and UPS are reducing their workforce as they adjust to market changes and incorporate AI technologies. The reasons for these layoffs include cost-cutting, restructuring, and adapting to new business focuses.
Key Facts
- Nordstrom Card Services plans to lay off between 11 and 15 employees in February 2026.
- UPS is cutting 30,000 jobs and closing 24 buildings to refocus its business strategy.
- Amazon will eliminate 16,000 jobs shortly after cutting 14,000 jobs in October.
- Meta is reducing over 1,000 positions in its Reality Labs division.
- Pinterest plans to decrease its workforce by nearly 15% to focus more on AI.
- Nike will cut 775 jobs at its distribution centers in Tennessee and Mississippi.
- The layoffs are largely due to restructuring and AI efficiencies, not just economic necessity.
- Experts say these job cuts are multifaceted, involving cost-cutting and adapting to AI advancements.
